 "Zinc falls by 1.6% on global cues")
Zinc futures traded 1.57 per cent lower at Rs 106.85 per kg today as speculators reduced positions, tracking a weak global trend.
Zinc for delivery in November declined by Rs 1.70, or 1.57 per cent, to Rs 106.85 per kg at the Multi Commodity Exchange.
It clocked business turnover of 769 lots.
Analysts said the weakness in zinc at futures trade was mostly attributed to a weak trend in copper and other base metals in the global markets on deepening concern about a slowdown in the world's biggest consumer after Chinese inflation data were weaker than expected.
Zinc for delivery in November declined by Rs 1.70, or 1.57 per cent, to Rs 106.85 per kg at the Multi Commodity Exchange.
It clocked business turnover of 769 lots.
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Likewise, the metal for delivery in the December month contracts softened by Rs 1.55, or 1.41 per cent, to Rs 108.20 per kg in 17 lots.
Analysts said the weakness in zinc at futures trade was mostly attributed to a weak trend in copper and other base metals in the global markets on deepening concern about a slowdown in the world's biggest consumer after Chinese inflation data were weaker than expected.
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